The report on security and surveillance radar market provides in-depth analysis of the present industry size and growth prospects during the forecasted period, including highlights of key growth stimulators.

The report further benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas. It provides detailed analysis of the market for military and commercial security and surveillance radar during the period 2014-2019.

The report also incorporates the factors that influence a countryís expenditure on radars: to cut or invest. It provides detailed expectations of growth rates and projected total expenditure. The report also throws light on the leading competitors in the global markets. Apart from the general overview of the companies, it focuses on their financial position, key products, and markets.

The Global Market is estimated to be valued at $6.08 billion in 2014 and is expected to grow at a CAGR of 5.97% to reach $8.61 billion by 2019. The present global scenario is oriented towards incorporating more robust radars in air and missile safeguard methods and airborne surveillance methods. Space and maritime-based radars are witnessing leading technological improvements, globally, based on tracking capabilities. Technological developments such the Active Electronically Scanned Array and Phased Array systems are garnering demand for radars.

The international military radar market has recently experienced a state of regional instability due to sweeping defense expenditure cuts. Higher tensions hovering over East Asia and the Middle East will create a pressing want for procurement of upgraded radars. Latin American countries like Brazil, Chile, and Argentina are identified as major spenders due to the need to monitor their forested areas and borders, establishing a wide area radar network

Markets Covered

The market research report categorizes the global market on the basis of Security and Surveillance Radar sub-sectors, geography, and by country.

Global Security and Surveillance Market

Source: MarketsandMarkets Analysis

The report offers customization of following points:

Analysis of security and surveillance radar market, by type of precision approach radar

Analysis of security and surveillance radar market, by type of Air Traffic Control radar

Value-Chain Analysis of security and surveillance radar market

Porterís Five Forces Model

Threat from new entrants

Threat from substitute

Bargaining power of suppliers

Bargaining power of buyers

Degree of competition

Competition situation and trends

Country analysis includes in depth analysis of countries such as U.S., Canada, Brazil, U.K., and China

The global market is estimated to be valued at $6.08 billion in 2014 and is expected to register a CAGR of 5.97% to reach $8.61 billion in the year 2020.

The main purpose of Security and Surveillance Radar is detection and tracking of small, non-cooperative, low radar-cross section, non-linearly moving targets for security and surveillance applications. Air defense and surveillance radars can be used for airspace, marine, and ground security applications to monitor a wide range of targets including aircraft, ultra lights, unmanned aerial systems, helicopters, ships, boats, vehicles, and pedestrians.

Though the U.S. and Europe have the largest market for Security and Surveillance Radar systems, the recent economic slowdown in these western markets and increased tension in the Middle East and Asia-Pacific region have changed the dynamics of the market. Countries with emerging economies like Brazil, India, and South Africa will be more attractive for the market. Countries like South Korea, Japan, Canada, and Taiwan can drive the growth of the market.

Today, overall combat or other commercial surveillance effectiveness depends extensively on radar systems and services as modern warfare becomes more asymmetric in nature and the demand scenario rapidly increases the growth in the market, throughout the forecasted period. The range of technologies available with respect to Security and Surveillance Radar systems is increasingly diverse and their rapid evolution is driving the demand for global Security and Surveillance Radar systems.

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